Total 146 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202242] The container market has continued to weaken with demand softening at a faster pace than carriers are able to adjust capacity to match. Port congestion is easing across all main regions, with the recent build up of ships at Chinese ports already starting to clear, partly from reduced congestion but also due to ships returning to service after anchoring temporarily for blanked sailings during the Golden Week holidays.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202241] The pace of SCFI price drops have slowed after the Golden Week holidays, dropping by just 5.7% compared to the pre-holiday level, but the CCFI took a sharper 13.0% drop as carriers adjusted their contract rates downwards in response to the plunge in spot rates. Rates will continue to decline as current capacity cuts remain insufficient to support the weaker cargo volumes. Charter activity has picked up after the tur
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202240] The Golden Week holidays in China provided little respite for the sliding freight and charter rates, with the SCFI and CCFI will resume their weekly declines when publication resumes this week. Carriers are still unwilling to take out capacity in any serious way, while the easing port congestion has negated much of the initial capacity reductions. Global port congestion has dropped to 10.5% to reach the lowest level
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202239] Spot rates have continued to soften going into the Golden Week holidays in China, with further rate reductions expected in October as demand remains weak and ad-hoc blank sailings having no material impact. Capacity cuts announced so far are still not enough to stem the rate falls, with the planned withdrawals accounting for just 7% of USWC capacity and 1% of USEC capacity, and will be offset by the reduction in port
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202238] The liner market continues to weaken with the outlook remaining weak until the end of this year. The SCFI took another 10% beating last week but further rate drops are expected as market rates are dropping faster than the indices can track them, with a similar situation developing on the charter market as containership charter rates are also dropping rapidly as demand wanes ahead of the traditional slack season start
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202237] Freight rates continued their spectacular collapse last week despite the severe port congestion that has built up in North Asia due to Typhoon Muifa, with the SCFI slipping by 33% within the past 4 weeks and down 50% year on year. Vessel utilisation on head haul routes have continued to drop despite shortfalls in ship departures, with carriers lacking resolve to remove excess vessel capacity in the market beyond ad h
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202236] Carriers’ attempts to drive out the marginal players in the market by aggressive rate cuts have so far failed to achieve any of the desired results, as spot freight rates suffered another large fall last week while trade capacity has not been reduced. The SCFI index dropped by 10.0%, following from the 9.7% drop a week earlier with no signs of rates stabilising anytime soon. Charter rates have continued to fall, alb
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202235] Freight rates tumbled last week, with the SCFI falling by 9.7% for its worst weekly drop since 2016. FE-WCNA rates led the declines, dropping by 22.9% to $3,959/feu. Latest rates offered by transpacific carriers have already breached the $3,500 mark, guaranteeing further drops in the published rate indices in the coming weeks with all tradelanes out of Asia remaining under pressure. Typhoon Hinnamnor will impact vess
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202234] SCFI spot freight rates suffered their largest single week drop last week as carriers capitulated under rising market pressure to cut rates in order to protect their market share. Supply chain bottlenecks are no long providing price support as demand is clearly easing well ahead of the traditional start of the slack season in October. Port congestion eased at the end of last week, after rising to new highs in the US
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202232] Hopes for a peak season reprieve have been dashed with carriers continuing to slash rates in their futile attempt to retain volumes amidst weak cargo demand. Rates on some intra-Asia corridors have dropped to pre-Covid levels, in an early warning sign that the high freight rates that carriers have enjoyed in the last 2 years could unravel very quickly. The SCFI slipped by 4.7% last week but further drops are inevitab